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5 Yuan

Issuer Bank of Taiwan
Year 1955
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Size 60 x 148 mm
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Obverse description The obverse is printed in brown and mauve tones on a vertically oriented note. A central oval vignette contains a portrait of Sun Yat-sen in military dress, framed by an ornate guilloche border. The issuer name 臺灣銀行 (Bank of Taiwan) is inscribed in Chinese characters across the upper field, with the denomination 伍圓 (Five Yuan) repeated in the lower panel; red seal impressions and the legend 限金門通用 (valid in Kinmen only) appear on both lateral margins, indicating the note's restricted regional circulation.
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Reverse description The reverse, printed in a uniform rose-mauve palette, carries a central vignette of the Bank of Taiwan headquarters building set within a rectangular frame surmounted by the English legend BANK OF TAIWAN. Below, a large numeral 5 is set within a floriate guilloche rosette, flanked by the denomination panels reading FIVE YUAN. The date 1955 appears at the foot of the note, with the imprint PRINTING FACTORY: BANK OF TAIWAN along the lower margin.
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Comments

The Bank of Taiwan operated as a de facto central bank for the Republic of China government after its retreat to Taiwan in 1949, issuing its own currency series distinct from the mainland notes. This 1955 issue was printed entirely in-house at the Bank's own facility — a deliberate policy choice reflecting both the sensitivity of the currency operation and the limited trust placed in outside contractors during a period of acute political uncertainty about the island's future.

The watermark is the sole security feature, modest by international standards of the period, though counterfeiting pressure on Taiwan New Dollar notes was never the primary concern it might have been elsewhere.

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